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House Proceeding 06-09-09 on Jun 9th, 2009 :: 1:46:55 to 1:52:15
Total video length: 4 hours 42 minutes Stream Tools: Stream Overview | Edit Time

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Hank Johnson

1:46:54 to 1:47:14( Edit History Discussion )

Hank Johnson: one-year period 10. the speaker pro tempore: pursuant to the rule, the gentleman from georgia, mr. johnson, and the gentleman from california, mr. issa, each will control 20 minutes. the chair recognizes the gentleman from georgia. mr. johnson: thank you, mr. speaker. i ask unanimous consent that all members may have five legislative days to revise and

Hank Johnson

1:46:55 to 1:52:15( Edit History Discussion )
Speech By: Hank Johnson

Hank Johnson

1:47:15 to 1:47:35( Edit History Discussion )

Hank Johnson: extend their remarks and include extraneous material on the bill under consideration. and i yield myself such time as i may consume. the speaker pro tempore: without objection, so ordered. the gentleman is recognized. mr. johnson: mr. speaker, this legislation extends by one year expiring provisions of the

Hank Johnson

1:47:36 to 1:47:57( Edit History Discussion )

Hank Johnson: antitrust criminal penalty ena -- enhancement and reform act of 2004 and -- otherwise known as acpera. it not only increases maximum criminal penalties under the sherman act for hard core

Hank Johnson

1:47:58 to 1:48:18( Edit History Discussion )

Hank Johnson: antitrust violation, but also created whistleblower incentives to spur antitrust cartel detection. portions of the 2004 act are set to expire in two weeks on june 22. this one-year extension preserves the penalties and incentives currently in place

Hank Johnson

1:48:19 to 1:48:39( Edit History Discussion )

Hank Johnson: while affording congress time to explore possible improvements to the 2004 act. i'm pleased to have as co-sponsors of this bill the chairman of the judiciary committee, john as full committee ranking member lamar smith and courts

Hank Johnson

1:48:40 to 1:49:01( Edit History Discussion )

Hank Johnson: subcommittee ranking member, howard coble. cartel violations are. so worst crimes perpetrated on the american consumer, yet they are too often crimes we sees all of this criminal activity takes place in secret meetings behind closed doors.

Hank Johnson

1:49:02 to 1:49:23( Edit History Discussion )

Hank Johnson: the previous bill we were talking about crime in the streets and now we are talking about crime in the suites. price fixing cartels can go undetected for years, possibly forever, with hundreds of millions or even billions of dollars worth of unlawful

Hank Johnson

1:49:24 to 1:49:44( Edit History Discussion )

Hank Johnson: profits at stake, these criminal cartels are a very effective at finding ways to keep their actions secret. but five years ago congress gave the justice department antitrust division a new weapon to attack this secrecy head-on.

Hank Johnson

1:49:45 to 1:50:09( Edit History Discussion )

Hank Johnson: acpera promotes the detection and prosecution of illegal cartel behavior by giving participants in a price fixing cartel powerful incentives to report the cartel to the justice department and cooperate in the prosecution of the cartel.

Hank Johnson

1:50:10 to 1:50:31( Edit History Discussion )

Hank Johnson: before acpera, the justice department could offer leniency to a co-conspirator who exposed a cartel and help bring it to justice but the cooperating party remained fully libel to paying damages to the cartel's victims and potentially exposed to havg to pay the entire

Hank Johnson

1:50:32 to 1:50:53( Edit History Discussion )

Hank Johnson: amount. acpera addressed this shortcoming in the criminal leniency program by also limiting the cooperating parties' exposure to liability with respect to civil litigation. acpera empowers the justice department to limit civil

Hank Johnson

1:50:54 to 1:51:14( Edit History Discussion )

Hank Johnson: liability of a cooperating party to single damages, no treble. the remaining co-conspirators, however, remain jintly and severly libel for all damages. in this way, mr. speaker, the act strikes to carefully --

Hank Johnson

1:51:15 to 1:51:35( Edit History Discussion )

Hank Johnson: strikes a carefully crafted balance encouraging cartel members to turn on each other while ensuring full compensation to the victims. the positive impact of this law cannot be overstated. in the first half of this year, acpera has aided the

Hank Johnson

1:51:36 to 1:51:57( Edit History Discussion )

Hank Johnson: division in securing jail sentences in 85% of its individual prosecutions and over $900 million in criminal fines. as chairman of the judiciary committee subcommittee on courts and competion policy, i want to ensure that the justice department has all the tools it

Hank Johnson

1:51:58 to 1:52:18( Edit History Discussion )

Hank Johnson: needs to continue its excellent work. which is to protect consumers against price fixing cartels. again i thank the bipartisan coalition members who have joined me as co-sponsors in this very important legislation and i urge my colleagues to support this legislation and i reserve

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